A Serenity Fund Assets The Ariel Group Persephone Corporation Jiangyin, Incorporated Blue Sun Corporation Higgins Mining Serenity Fund Liabilities Fund Debt Accrued Management fee B Shares, Start of Year 25,000 153,000 25,000 120,000 6,000 Value Portfolio Turnover Rate $150,000 $50,000 C Shares, End of Year 25,000 125,000 25,000 100,000 6,000 3 1 5 Required: 6 Using the information in the tables above, please calculate the Portfolio Turnover Rate. For 7 simplicity, assume the price of each stock does not change during the year. 18 19 (Use cells A5 to D13 from the given information to complete this question.) 20 21 22 D Price $35.00 $25.00 $65.00 $15.00 $175.00

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Fill out the blank for the Portfolio Turnover Rate:

Start answer with a =

0
1
2
A
Serenity Fund Assets
The Ariel Group
Persephone Corporation
Jiangyin, Incorporated
Blue Sun Corporation
Higgins Mining
Serenity Fund Liabilities
Fund Debt
Accrued Management fee
B
Shares, Start of Year
25,000
153,000
25,000
120,000
6,000
Portfolio Turnover Rate
Value
$150,000
$50,000
C
Shares, End of Year
25,000
125,000
25,000
100,000
6,000
3
14
15 Required:
16 Using the information in the tables above, please calculate the Portfolio Turnover Rate. For
17 simplicity, assume the price of each stock does not change during the year.
18
19
(Use cells A5 to D13 from the given information to complete this question.)
20
21
22
D
Price
$35.00
$25.00
$65.00
$15.00
$175.00
E
Transcribed Image Text:0 1 2 A Serenity Fund Assets The Ariel Group Persephone Corporation Jiangyin, Incorporated Blue Sun Corporation Higgins Mining Serenity Fund Liabilities Fund Debt Accrued Management fee B Shares, Start of Year 25,000 153,000 25,000 120,000 6,000 Portfolio Turnover Rate Value $150,000 $50,000 C Shares, End of Year 25,000 125,000 25,000 100,000 6,000 3 14 15 Required: 16 Using the information in the tables above, please calculate the Portfolio Turnover Rate. For 17 simplicity, assume the price of each stock does not change during the year. 18 19 (Use cells A5 to D13 from the given information to complete this question.) 20 21 22 D Price $35.00 $25.00 $65.00 $15.00 $175.00 E
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